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You are here: Home / Business Plans / Ask Victoria: When can I use another company’s compensation plan?

Ask Victoria: When can I use another company’s compensation plan?

February 15, 2009 By admin Leave a Comment

If you are considering using another company’s compensation plan, exactly the same or with a few changes, I would ask you these questions:

Are your

1.   total budget for field compensation
2.   understanding of different types of compensation plans

identical as compared to those of the other company?

Are your

3.    products and services
4.    margins
5.    compensation ethics
6.    compensation priorities
7.    experiences with other compensation plans
8.    preferences for the types of bonuses and commissions
9.    business ethics
10. plans for the future of your business

all the same as those of the other company?

The likelihood of 10 yes’s is almost zero, so my answer is simply…. never.  It’s never wise or safe to use another company’s compensation plan.

Sylvina Consulting can help you to design a new, or modify an existing, compensation plan.  We can also answer your questions about compensation plans.  If you have questions or need help, please feel free to contact me at 503.244.8787 or email me at victoria@sylvina.com.

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Related

Filed Under: Business Plans, Compensation Plans Tagged With: direct sales compensation plan, direct selling, direct selling business plan, direct selling compensation plan, mlm compensation plan, mlm compensation plans

About Jay Leisner

P15Jay Leisner, the President of Sylvina Consulting, is a top compensation plan and direct selling expert, a trusted adviser to new and established network marketing and party plan companies. For more than 30 years, Jay has enjoyed assessing and improving party plan and network marketing companies across the globe.

Direct Selling Startup GuideJay Leisner and Victoria Dohr authored the top-rated book for new and young network marketing and party plan companies, "Start Here: The Guide to Building and Growing Your Direct Selling Company".

Available in English and Spanish. This startup guide contains 250 pages of wisdom that will guide you through the right steps to start and continue on your journey to build a successful direct selling company.

You will save thousands of dollars and hundreds of hours of your time using the information you will read in our book.

Direct Selling Edge ConferenceSylvina Consulting and Thompson Burton sponsor the pure education "Direct Selling Edge Conference Webinar" for new and young direct selling companies. The wisest direct selling executives never stop being students. They seek out opportunities to learn more. They understand that the long-term success of their companies depends on how much they know, so they make efforts to keep learning.

Broadcast live and with recordings included for later viewing, this powerful webinar will give you buckets of wisdom and guidance to help you on your journey.

In 1986, Jay began his career in direct selling by working for a major direct selling software provider. First as a software developer and later as a project leader and a business analyst, Jay worked closely with new and established network marketing and party direct selling companies to provide them with software solutions to meet their unique requirements.

Jay contributed in many ways to the success of large implementation projects for many companies. Jay also worked with dozens of smaller companies to assist each of them in various capacities to provide them with the systems they needed to help their businesses to grow faster.

Along the way while working with them, he learned the secrets of successful direct selling companies and the challenges faced by them. In true entrepreneurial spirit, Jay’s decision in 1999 to start Sylvina Consulting as a direct selling consulting company was driven by what he saw was a need for answers, advice, and solutions.

In 2004, 2006, 2009, 2014, and 2018, Jay gave presentations on compensation plans, recognition, and field leadership development at conferences held by the US Direct Selling Association.

He traveled to South Africa in 2015, 2016, and 2017 to conduct workshops on compensation plan design and recognition programs for member companies of the South African Direct Selling Association.

In 2017, Jay spoke at the Canadian Direct Sellers Association Meeting on the importance of recognition.

More than just a compensation plan expert, Jay is exceptionally skilled at advising new and established companies on business strategies. Before offering advice or solutions, he asks important questions to understand each client’s specific concerns and goals.

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